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4055 Port Royal Drive

4055 Port Royal Drive, Richmond, KY 40475
Property in Madison
Sold Mar 10, 2020
$335,000
$299,000 by Kentucky Bank
Mortgage Due Apr 01, 2040
Sold Jan 30, 2006
$305,855
$130,060 by Flagstar Bank Fsb
Mortgage Due Feb 01, 2036
Local assessors in Richmond, KY have categorized 4055 Port Royal Drive as a residential type of property. The property's lot size has been calculated to be 43,560 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4055 Port Royal Drive has a total of 2,297 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 673 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4055 Port Royal Drive sold most recently in Mar 6, 2020 for a total of $335,000. If you work out the math, that's approximately a cost of $145.84 per sqft. Before that, the property was also sold for $305,855 in Jan 27, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,250 in taxes each year. 4055 Port Royal Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $335,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 673
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,297
  • Building Area: 2,297
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,297
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INDIGO RUN
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: INDIGO RUN LOT 153

Ownership

  • Current Owner : SPEARS IRVIN ELZIE
  • Current Owner 2: CRAWFORD MIRANDA BETH
  • Previous Owner : RANDALL SWINFORD ROBERTA
  • Previous Owner 2: SWINFORD MICHAEL L
  • Owner Before Previous Owner: THACKER HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison County School District
  • Census Tract: 010103

Geography

  • Account Number: 140860
  • District: 01
  • Subdivision Phase Number: 4
  • Parcel: 0040-0004-0153
  • Lot: 153
  • Municipality: COUNTY
  • Latitude: 37.8185
  • Longitude: -84.3561

    Address

  • Full Address: 4055 Port Royal Dr
  • Address - House Number: 4055
  • Address - Street Name: Port Royal
  • Address - Suffix Type: Dr
  • State: KY
  • City Name: Richmond
  • Carrier Code: R017
  • 4-Digit Zip Code: 8225
  • Zip Code: 40475

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,250
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 9
  • Final Value: 417,591
  • High Value: 607,515
  • Low Value: 227,666

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $299,000
  • First Open Lien Mortgage Lender: KENTUCKY BANK
  • First Open Lien Mortgage Recording Date: Mar 10, 2020
  • First Open Lien Mortgage Loan Amount: $299,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2040

    Market Valuation

  • Market Total Value: $335,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,000

    Sales

  • Current Sale Contract Date: Mar 06, 2020
  • Current Sale Recording Date: Mar 10, 2020
  • Current Sale Transaction ID: 11748250647
  • Current Sale Price: $335,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2014008710
  • Previous Sale Recording Date: Jan 30, 2006
  • Previous Sale Contract Date: Jan 27, 2006
  • Previous Sale Amount: $305,855
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: KENTUCKY BANK
  • First Mortgage Transaction Date: Mar 10, 2020
  • First Mortgage Loan Amount: $299,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: FLAGSTAR BANK FSB
  • Previous Mortgage Transaction Date: Jan 30, 2006
  • Previous Mortgage Loan Amount: $130,060
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2036

About Madison



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Frequently Asked Questions

What neighborhood is 4055 Port Royal Drive located in?
The 4055 Port Royal Drive is a located in the neighborhood of Madison in Madison, Richmond.
What is the average sales price for listings in 4055 Port Royal Drive?
The average sales price for units in 4055 Port Royal Drive is $0 currently.

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